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Hyflux 6% Perpetual Securities

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Old 28-08-2019, 01:30 PM   #3751
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More than 24 hours since news broke, Hyflux had been quiet...
quiet = not looking good.
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Old 28-08-2019, 02:01 PM   #3752
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Shareholder no need to vote?? Bondholders no need to vote??
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Old 28-08-2019, 04:07 PM   #3753
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Shareholder no need to vote?? Bondholders no need to vote??
i thought utico owns 88% shares? utico will let other people vote?

i dont think utico cares about other shareholders.
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Old 28-08-2019, 04:13 PM   #3754
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Can get back our principal anot?
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Old 28-08-2019, 04:49 PM   #3755
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quiet = not looking good.

When a deal is strike, it's normal for both parties to be quoted in the news release at the minimum. People expect a joint press conference since this has been super draggy.

The silence from Hyflux is deafening.
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Old 28-08-2019, 04:52 PM   #3756
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i thought utico owns 88% shares? utico will let other people vote?

i dont think utico cares about other shareholders.
Where Utico going to get the 88% share from? Hyflux got mandate to issue so much share from shareholder???
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Old 28-08-2019, 05:01 PM   #3757
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When a deal is strike, it's normal for both parties to be quoted in the news release at the minimum. People expect a joint press conference since this has been super draggy.

The silence from Hyflux is deafening.
no news. so what is happening. lol.
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Old 28-08-2019, 05:02 PM   #3758
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Where Utico going to get the 88% share from? Hyflux got mandate to issue so much share from shareholder???
i thought utico had already signed the agreement to buy 88% shares? so they have 88% shares?
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Old 28-08-2019, 05:22 PM   #3759
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hyflux is a private company, what do u want to vote on?
It is a listco... In order for the 88% to happen, a restructuring of HF's debt needs to happen. This in turn requires the approval of all the creditor groups such as P&P and banks.
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Old 28-08-2019, 05:33 PM   #3760
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i thought utico had already signed the agreement to buy 88% shares? so they have 88% shares?
They have sign an agreement to give x amount of money to get 88%.

All the debt holder need to agree to the haircut and get the whatever amount from the X amount given by utico and the balance 12% of Hyflux will likely be give to existing shareholder and maybe even debt holder.
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Old 28-08-2019, 06:41 PM   #3761
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hope they can get their $$ back.
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Old 29-08-2019, 12:00 AM   #3762
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https://links.sgx.com/1.0.0/corporat...0d7dab9f288596

UPDATES ON REORGANISATION PROCESS – CLARIFICATION ON STATEMENTS MADE IN THE
MEDIA


Clarification
The Articles report that Utico had, in a statement released on 27 August 2019, said that it had "signed
and released" a restructuring agreement with the Company on 26 August 2019 which will give it 88 per
cent of the Company.

The Company wishes to clarify that the Definitive Agreement has not been entered into by both parties,
pending resolution on certain final outstanding issues in the draft Definitive Agreement.

The Company and Utico are however in highly advanced discussions and will continue to engage with
each other with a view to resolving such final outstanding issues and finalising and entering into the
Definitive Agreement as soon as possible.

All stakeholders are urged to rely on information provided by the Company in its announcements
through SGXNet or other media which are made in accordance with the applicable rules and
regulations. In this regard, the Company will make the appropriate announcements as and when there
are any further material developments on the matters above.
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Old 29-08-2019, 12:24 AM   #3763
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hyflux is a private company, what do u want to vote on?
Yo. We miss you at the OEM thread.

FYI Hyflux is a public listed company.
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Old 29-08-2019, 12:25 AM   #3764
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What’s the recovery rate for CPS?
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Old 29-08-2019, 01:09 AM   #3765
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Yo. We miss you at the OEM thread.

FYI Hyflux is a public listed company.
wont be going back to the oem thread as agreed upon.
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